3230 42Nd St Miami, FL 33142
- Manufacturing properties
- 19,270 SF
- 0.63 lot acres
Current Use by Public Records
- Proline Truck Services / Truck Repair Shop / Tuning Automobile
Property Details for 3230 42Nd St
- Year built
- 1963
- Construction
- CONCRETE
- Lot size
- 0.63 lot acres
- Property size
- 19,270 SF
- Zone code
- 7100:INDUSTRIAL,LIGHT MFG
- Property type
- Manufacturing properties
- APN
- 30-3121-000-1171
- APU
- 3031210001171
Description
This exceptional Miami warehouse, located at 3230 NW 42nd St, Miami, FL 33142, presents a compelling investment opportunity. Built in 1963, this industrial property offers 20,375.50 USD in monthly net-net-net (NNN) lease income from existing tenants. The property's street-level access ensures convenient loading and unloading, a significant advantage for warehouse operations. Its central Miami location provides easy access to major transportation routes, enhancing its logistical appeal and maximizing its potential for future growth. The asking price for this well-established warehouse is $5,650,000. This represents a strong return on investment given the current stable income stream generated by the NNN leases. The property's solid construction and established tenancy make it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. The property is classified as an industrial warehouse and is situated in Miami-Dade County, Florida. This prime location offers excellent accessibility and visibility, making it an ideal investment for both short-term and long-term growth. The property's strong financial performance and strategic location make it a highly desirable asset in the competitive Miami real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2493
- Latitude
- 25.8133
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
